Global Parking Management Market Size Analysis, 2018-2028

 

REPORT ID: BKR925Domain: Automotive TransportPublished Date: December 2018
Pages: 255Format: PDF

 

 

Parking Management Market Size Analysis

Parking Management market size is valued over US$ 3,772 million in 2018 and is expected to register a CAGR of 7.8% to create new market opportunity for industry players.

Parking is an essential feature of transportation. According to study, every vehicle stands at parking on every 19 days interval. The duration is expected to further shorten with increase in traffic commuters, changing workforce style and rise automotive vehicles. The traditional way of managing parking is proving ineffective and so various bodies are coming up with advanced parking management systems. The trend is likely to be seen in developed countries. However, penetration rate of such advanced features is also registering impressive growth in developing regions.

Advanced parking management systems are laced with internet of things (IoT), sensors and digitization. These systems have been highly effective in reducing the parking costs and better vehicle management. The degree of competition in parking management market is moderate. There exists significant room for each players to expand at impressive rate. Leading companies are focusing on offering integrated services to end-users. This helps them generate higher revenue and build a brand recognition.

Parking management market revenue is further increasing with government and law enforcement support. A wide range of such systems are implemented across major metropolitan cities of world. Overall, the demand for such systems will continue to register upward trajectory growth.

Global Parking Management Market Analysis, By Type

Parking management revenue is cumulative of software, hardware and service providers. Among these, hardware component accounted for highest revenue owing to initial set-up cost involving sensors, modules, and other allied component. These systems are then further supported by software and services.

While hardware segment will continue to dominate the market, software and services will register highest CAGR during the forecast period. Degree of competition in service sector is expected to heighten and many new players will emerge with regional presence. Overall, while hardware and software players are global based, service sector comprises of regional players and is bit fragmented.

Global Parking Management Market Analysis, By End-use Sector

Parking management systems is installed across municipality operated parking facilities, corporate houses, schools & universities, residential societies, and military operated estates and other government run bodies. Among these, municipality operated parking facilities accounted for 56% of total parking management systems installation. The system will continue to rise with emergence of smart cities worldwide. Newer approach and stricter regulations will help systems to grow at steady rate.

Global Parking Management Market Analysis, By Parking Site

Majority of the parking are off-street based. As such, these systems sales is highest from off-street based parking stations. Over 77% of total revenue is generated from off-street parking sites. It will continue to register healthy CAGR of 6.3% during the forecast period.

Global Parking Management Market Size and Forecast: Regional Analysis

In 2018, Western Europe dominated the global parking management market value. Italy, UK and France reported highest installation of parking management market in 2017. Increasing automotive sales, traffic congestion and changing work life will continue to drive the net sales in the region. Europe has well established parking systems in some of the major cities including London, Frankfurt, Milan, Paris and Amsterdam. These cities represent highest number of installed parking systems.

While Western Europe and North America will continue to dominate the global sales, Asia Pacific will register double digit growth, creating new market opportunity for industry players. China, Japan, India and Singapore will account for 86% of regional sales in 2019. India will be a major destination for industry players. Recent government policies has promulgated ease of doing business. Furthermore, launch of US$ 2 Trillion Smart Cities project will create ample market opportunity for industry players.

Global Parking Management Market Size and Forecast: Competition Landscape

Some key Parking Management Systems Market Players are:

  • Xerox Corporation
  • IBM Corporation
  • Swarco Corporation
  • M Company
  • Cubic Corporation
  • Kapsch TrafficCom
  • Amano Corporation
  • Skidata
  • Siemens AG
  • T2 Systems

Industry Segmentation

By Type:

  • Software
  • Hardware
  • Services

By Parking Sites:

  • On-street
  • Off-street

By Application:

  • Security & Surveillance
  • Vehicle Parking Management
  • Parking Reservation
  • Others

By End-use:

  • Municipal Operated Parking Facilities
  • Transport Transit
  • Corporate Buildings
  • Recreational Centers (Cinema, Fun Parks, etc)
  • Military Sector
  • Schools and Universities
  • Government Bodies
  • Others

What Will You Discover in the Report?

  • An in-depth analysis of the Parking Management market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Parking Management market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Parking Management market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Parking Management industry during the forecast period
  • Who are the Parking Management industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Parking Management Industry Suppliers
  • Parking Management Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Parking Management market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Parking Management Market Overview

  1. Executive Summary
  2. Research Methodology
  3. Parking Management Market Overview
    • Market Outlook and Forecast
    • Growth Forecast Analysis Scenario
    • Value Chain Analysis
      • Profitability Analysis, Across Nodes
      • List of Key Players and Competition Analysis, Across Nodes
    • R&D Spending Analysis
    • Leading Industry Players
  4. Parking Management Market Dynamics
    • Market Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Macroeconomic Drivers
      • Impact Analysis (2018 – 2028)
    • Market Restraints
    • Trends
    • Opportunities
    • Marketed Details
    • PESTLE Analysis
    • Market Investment Proposition
    • Key Developments and Mergers and Acquisitions
  5. Parking Management Market, By Type
    • Introduction and Key Trends
    • Market Share Analysis, 2017 and 2028 (%)
    • Software
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Hardware
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Services
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  6. Parking Management Market, By Parking Sites
    • Introduction and Key Trends
    • Market Share Analysis, 2017 and 2028 (%)
    • On-Street
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Off-Street
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  7. Parking Management Market, By Application
    • Introduction and Key Trends
    • Market Share Analysis, 2017 and 2028 (%)
    • Security and Surveillance
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Vehicle Parking Management
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Parking Reservation
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Others
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  8. Parking Management Market, By End-use
    • Introduction and Key Trends
    • Market Share Analysis, 2017 and 2028 (%)
    • Municipal Operated Parking Facilities
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Transport Transit
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Corporate Buildings
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Recreational Centers
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Military Sector
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Schools and Universities
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Government Bodies
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Others
      • Market Value Forecast, 2017-2028, (US$ Mn)
      • Y-o-Y Growth Analysis (%)
    • Market Attractiveness Analysis
  9. Parking Management Market, By Region
    • Introduction
    • Regional Trends
    • Regional Market Share Analysis, 2017 and 2028 (%)
    • Industry Value Proposition Analysis
    • Comparative Ranking Analysis, By Segments
    • Key Developments
  10. North America Parking Management Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By End-use
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Parking Sites
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Country
      • United States Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Canada Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Western Europe Parking Management Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By End-use
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Parking Sites
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Country
      • Germany Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • France Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • UK Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Netherlands Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Spain Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • BENELUX Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Italy Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • NORDIC Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Central and Eastern Europe (CEE) Parking Management Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By End-use
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Parking Sites
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Country
      • Russia Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Poland Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Ukraine Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Turkey Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Asia Pacific
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By End-use
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Parking Sites
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Country
      • China Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Japan Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • India Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • South Korea Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Australia Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • ASEAN Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Asia Pacific Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Latin America Parking Management Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By End-use
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Parking Sites
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Country
      • Brazil Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Argentina Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Chile Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Mexico Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Uruguay Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Latin Ameica Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Middle East
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By End-use
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Parking Sites
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Country
      • GCC Animation Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Israel Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Iran Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Rest of Middle East Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Africa Parking Management Market Size
    • Introduction
    • Key Trends
    • Successive Revenue Opportunity Analysis
    • Revenue Analysis (US$ Million), By End-use
    • Revenue Analysis (US$ Million), By Application
    • Revenue Analysis (US$ Million), By Parking Sites
    • Revenue Analysis (US$ Million), By Type
    • Revenue Analysis (US$ Million), By Country
      • North Africa Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • Central Africa Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
      • South Africa Parking Management Market Value
        • Introduction
        • Key Trends
        • Revenue Analysis(US$ Million), 2018-2028
        • Growth Rate Analysis (%), 2018-2028
  1. Company Landscape
    • Competition Dashboard
    • Company Market Positioning, 2018
      • Introduction
      • Company Market Share by Regions
    • Key Distributors, By Regional Presence
    • Distribution Channel Matrix
    • Company Profiles
      • Xerox Corporation
        • Overview
        • Key Developments
        • Business Strategy
          • Product Level
          • Go-to-Market
          • Regional Level
        • SWOT Analysis
        • Regional Presence
      • IBM Corporation
      • Swarco Corporation
      • M Company
      • Cubic Corporation
      • Kapsch TrafficCom
      • Amano Corporation
      • Skidata
      • Siemens AG
      • T2 Systems

Analyst Recommendations

 (Key Pointers Covered for all other companies)

 

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2018-12-01T12:48:39+00:00 December 1st, 2018|